ECON 112 Lecture Notes - Lecture 6: Price Ceiling, Economic Equilibrium, Demand Curve
28 views4 pages
24 Sep 2015
School
Department
Course
Professor
Supply,'Demand,'and'Government'Policies
!"#$%%&'()$*+(,'-.()'/0%1*&2$3(4"'5(%1(6('+.$+'+.('2$43(+'
/41*('07'$'800,'04'"(461*('1"'#)7$14'+0'5#&(4"'04'"(%%(4"
19
:41*('*0)+40%"
$9
!"(,'+0'4$1"('4(6()#('704'/#5%1*'/#4/0"("'$),'+0'1)7%#()*('
2$43(+'0#+*02("
19
;$<("
59
='%(8$%'2$<12#2'0)'+.('/41*('$+'-.1*.'$'800,'*$)'5('"0%,
19
>(+'$506('+.('(?#1%1541#2'/41*('$),'+.(4('-1%%'5('
)0'(77(*+'0)'+.('/41*('04'?#$)+1+&'"0%,
$@
A0+'51),1)8
B@
>(+'5(%0-'+.('(?#1%1541#2'/41*(
$@
>.04+$8(
5@
C0)8'%1)("
1@
D1"*4121)$+10)'$**04,1)8'+0'"(%%(4"'51$"
11@
>(%%(4"'2#"+'4$+10)'+.('"*$4*('800,"
*@
E1),1)8'*0)"+4$1)+
F@
G0-'+.(&'$77(*+'+.('2$43(+
119
D(2$),'1"'+00'.18.
B@
=,6(4"('(77(*+"'1)'+.('".04+'4#)
1119
H?#1%1541#2'1"'5(%0-'+.('/41*('*(1%1)8' "0'+.(4('1"')0'(77(*+
B@
;.('2$43(+'1"'$5%('+0'4($*.'(?#1%1541#2
F@
A0)'E1),1)8'/41*('*(1%1)8
169
I$#"("'$'".04+$8(
$@
J04(',(2$),(,'+.$)'"#//%1(,
5@
H?#1%1541#2'/41*('1"'$506('/41*('*(1%1)8'
B@
:41*('*(1%1)8'5(*02("'51),1)8'-.()'"#//%&'7$%%"'$),'
4("#%+"'1)'$'".04+$8(
F@
E1),1)8'/41*('*(1%1)8
69
:41*('*(1%1)8
*9
='%(8$%'21)12#2'0)'+.('/41*('$+'-.1*.'$'800,'*$)'5('7%00419
>(+'5(%0-'+.('(?#1%1541#2'/41*($@
A0'(77(*+'0)'+.('2$43(+5@
A0+'51),1)8B@
>(+'$506('+.('(?#1%1541#2'/41*($@
>#4/%#"5@
>02('"(%%(4"'$4('#)$5%('+0'"(%%'-.$+'+.(&'-$)+*@
J04('"#//%1(,'+.$)',(2$),(,,@
E1),1)8'*0)"+4$1)+F@
=77(*+'1)'+.('2$43(+119
!)(2/%0&2()+$@
G18.(4'1)*02('704'-043(4"'-.0'.$6('K05"5@
C0-(4'1)*02('704'-043(4"'-.0'*$))0+'71),'K05"*@
L7'21)12#2'-$8('1"'$506('(?#1%1541#2B@
J1)12#2'-$8('(<$2/%(1119
:41*('7%004,9
H*0)021"+"'#"#$%%&'0//0"('/41*('*(1%1)8"' $),'/41*('7%004"B@
:41*("'$4(')0+'+.('0#+*02('07'"02('.$/.$M$4,'/40*(""F@
:41*("'.$6('+.('*4#*1$%'K05'07'5$%$)*1)8'"#//%&'$),'
,(2$),
N@
J$43(+"'$4('#"#$%%&'$'800,'-$&'+0'048$)1M('(*0)021*'$*+161+&19
E(*$#"('07'#)7$14'2$43(+'0#+*02($@
=12(,'$+'.(%/1)8'+.('/0045@
O$)+'+0'#"('/41*('*0)+40%"B@
P7+()'.#4+'+.0"('+.(&'$4('+4&1)8'+0'.(%/F@
Q()+'"#5"1,1("$@
O$8('"#5"1,1("5@
P+.(4'-$&"'07'.(%/1)8N@
R06(4)2()+"'*$)'"02(+12("'12/406('2$43(+'0#+*02("119
H6$%#$+1)8':41*('I0)+40%"(9
I0)+40%"'0)':41*("
L9
Q0$,"S'"*.00%"S'$),')$+10)$%',(7()"(B@
;0'4$1"('4(6()#('704'/#5%1*'/40K(*+"19
R06(4)2()+'#"('+$<("$9
J$))(4'1)'-.1*.'+.('5#4,()'07'$'+$<'1"'".$4(,'$20)8'
/$4+1*1/$)+"'1)'$'2$43(+
19
>#//%&'*#46('-1%%'".17+'%(7+'5&'+.('T+$<S'+.()'&0#'.$6('+0'71),'
-.$+'+.(')(-'/41*('(?#1%1541#2'1"'$),'+.$+'1"'+.('/41*('+.$+'+.('
5#&(4"'/$&S'+.('/41*('+.$+'+.('"(%%(4"'8(+'1"'+.$+'/41*('U+.('+$<9
119
;$<'1)*1,()*(59
>.17+'1)'"#//%&B@
L22(,1$+('12/$*+'0)'"(%%(4"19
>#//%&'*#46('".17+"'%(7+119
G18.(4'(?#1%1541#2'/41*(1119
C0-(4'(?#1%1541#2'?#$)+1+&169
;.('+$<'4(,#*("'+.('"1M('07'+.('2$43(+69
;$<("',1"*0#4$8('2$43(+'$*+161+&619
E#&(4"'$),'"(%%(4"' ".$4('+.('5#4,()'07'+$<6119
E#&(4"'/$&'204(S'-04"('07761119
R(+'+.('.18.(4'/41*('5#+'/$&'+.('+$<B@
P6(4$%%V'(77(*+16('/41*('7$%%F@
>(%%(4"'4(*(16('%(""S'$4('-04"('0771<9
G0-'+$<("'0)'"(%%(4"'$77(*+'+.('2$43(+'0#+*02("*9
L)1+1$%'12/$*+'0)'+.(',(2$),19
D(2$),'*#46('".17+"'%(7+119
C0-(4'(?#1%1541#2'/41*(1119
C0-(4'(?#1%1541#2'?#$)+1+&169
;.('+$<'4(,#*("'+.('"1M('07'+.('2$43(+69
E#&(4"'$),'"(%%(4"' ".$4('+.('5#4,()'07'+$<619
E#&(4"'/$&'204(S'-04"('0776119
H77(*+16('/41*('W-1+.'+$<@'41"("B@
E#&(4"'/$&'$'%0-(4'2$43(+'/41*(S'$4('-04"('07761119
G0-'+$<("'0)'5#&(4"'$77(*+'2$43(+'0#+*02(",9
;.('"$2(S'4(8$4,%(""'07'-.(+.(4'+.('+$<'1"'%(61(,'0)'
5#&(4"'04'"(%%(4"
B@
O(,8('5(+-(()'+.('/41*('+.$+'5#&(4"'/$&'$),'+.('/41*('+.$+'
"(%%(4"'4(*(16(
19
E#&(4"'$),'"(%%(4"' ".$4('+.('+$<'5#4,()B@
>.17+"'+.('4(%$+16('/0"1+10)'07'+.('"#//%&'$),',(2$),'*#46("119
;$<("'%(61(,'0)'"(%%(4"'$),'+$<("'%(61(,'0)'5#&(4"'$4('(?#16$%()+(9
>(%%(4"'5($4'$'"2$%%'5#4,()'07'+$<B@
E#&(4"'5($4'20"+'07'+.('5#4,()F@
X(4&'(%$"+1*'"#//%&'$),'4(%$+16(%&'1)(%$"+1*',(2$),19
>(%%(4"'5($4'20"+'07'+.('+$<'5#4,()B@
E#&(4"'5($4'$'"2$%%'5#4,()F@
Q(%$+16(%&'1)(%$"+1*'"#//%&'$),'6(4&'(%$"+1*' ,(2$),119
H%$"+1*1+&'$),'+$<'1)*1,()*(79
Y$%%"'204('.($61%&'0)'+.('"1,('07'+.('2$43(+'+.$+'1"'%(""'(%$"+1*19
E#&(4"',0')0+'.$6('800,'$%+(4)$+16("'+0'*0)"#21)8'+.1"'
800,
B@
>2$%%'(%$"+1*1+&'07',(2$),119
>(%%(4"',0')0+'.$6('800,'$%+(4)$+16("'+0'/40,#*1)8'+.1"'
800,
B@
>2$%%'(%$"+1*1+&'07'"#//%&1119
;$<'5#4,()89
;$<("LL9
Chapter(6
O(,)(",$&S' >(/+(25(4' BZS'F[B\
BV]N':J